LITTLETON, Colo., Oct. 3 /CNW/ -- CPI Card Group (CPI), a global leader
in financial and commercial card production and services, is expanding its
presence in the Canadian marketplace by acquiring a Canadian facility formerly
known as Metaca, located in Concord, Ontario, part of the greater Toronto
area. This latest acquisition is keeping with the CPI strategic vision of
expanding to support its ever growing international customer base. The
Canadian financial card landscape is changing quickly with the rollout of EMV,
Dual Interface and contactless chip technology. CPI's focus is to provide the
Canadian customers with innovation, flexibility and delivery to help them
better compete in their market sectors.
The new full service bureau facility will be named CPI Card Group -
Canada and will be led by well-known card industry executive Anna Rossetti as
President. Rossetti, who was formerly president of Giesecke & Devrient (G&D)
in Canada, states, "The Canadian market has unique requirements that CPI has
experience with, and local customers have asked us to provide full services
which include manufacturing, personalization and fulfillment. They are also
looking for flexibility and innovation of products which we have today. Given
Canada's acceptance of contactless technology and other form factors, CPI is
well positioned to be a partner of choice for the Canadian marketplace."
Rossetti adds, "I am excited to be joining CPI as we expand our products
and services to our Canadian customers and provide them the choices they
deserve. CPI Card Group - Canada is committed to the Canadian marketplace, and
this stability is further supported by its position as a Tricor portfolio
company, which is one of Canada's leading private equity firms."
Before joining CPI, Rossetti spent 8 years in Toronto with G&D having
served as its President for the last 4 years and SVP Sales and General Manager
prior to that. During her tenure, Rossetti was instrumental in providing the
strategic vision and leadership that positioned G&D as a market leader.
Rossetti's expertise will provide the necessary direction in leading CPI
through its company growth in Canada.
About CPI Card Group
CPI, a global leader in financial and commercial card production,
issuance, and services, offers a single source for plastic cards from foil
cards and holograms, to translucent and smart cards. CPI's production sites
include Denver, Colorado; Fort Wayne, Indiana; Las Vegas, Nevada; Colchester,
England; and Liverpool, England. CPI Card Group produces high-quality,
general-purpose, magnetic stripe and smart cards for many applications.
Certified to produce contactless products, CPI specializes in distinctive
cards and offers the largest production capacity in North America. CPI's
plants in Colorado and Nevada are ISO 9001:2000 certified. For more
information, visit http://www.cpicardgroup.com.
About Tricor Pacific Capital
Headquartered in Vancouver, with an office in Chicago, Tricor invests in
middle-market companies in Western Canada and the Western U.S. Since 1996,
Tricor has made 34 acquisitions in the manufacturing, service, distribution
and consumer product sectors. The firm targets companies with enterprise
values of $25 million to $250 million. Tricor has created significant value by
growing and expanding Canadian businesses into the U.S. market and U.S.
businesses into the Canadian market. For more information, please visit
For further information:
For further information: Regina Ramey of CPI Card Group,
+1-303-345-2441, firstname.lastname@example.org Web Site: http://www.cpicardgroup.com